Tokyo Institute of Technology Recognised At Japan finals of CFA Institute Research Challenge 2022-2023

A team of Tokyo Tech students has won the Japan finals of the Chartered Financial Analysts (CFA) Institute Research Challenge 2022-2023, the only global financial competition in Japan in which undergraduate and graduate-level students compete in corporate analysis and stock evaluation. The finals were held on December 3, 2022 at the facilities of SMBC Nikko Securities Inc. in central Tokyo.

The CFA Institute Research Challenge is a global finance competition in which students utilize corporate finance theory to analyze companies and compete for excellence in their research and analysis. Participants, who are guided by professional analysts who actually analyze companies and stock fund managers who make investment decisions, are often students from around the world who aim to be future leaders in finance.

Twenty-six teams from prominent universities in Japan participated in the 2022-2023 competition. Initially, each team was asked to analyze Daikin Industries, Ltd., headquartered in Osaka and led by CEO Masanori Togawa, and to submit their analysis report in English. The top eight teams in the document review process advanced to the Japan finals, during which they gave presentations in English and participated in a question-and-answer session. The Tokyo Tech team, advised by Associate Professor Kyoko Nagata and mentored by Motoki Matsuzawa of Asset Management One Co., Ltd., placed first in the document review, received high marks for their presentation and Q&A session, and won the overall competition. This is the second time for Tokyo Tech to win the national competition after a victory in 2013.

The Tokyo Tech team will represent Japan in the Asia-Pacific sub-regional competition to be held in March. If their success continues, they will then advance to the Asia-Pacific regional competition to be held in April, followed by the global final in May.